Day: July 29, 2022

ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks – Finance Bitcoin News

boss

A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB) to €3,000 per person. Limited Availability of Digital Euro Expected to Prevent It From Becoming Too Popular Europeans’ access to a digital euro should be restricted to prevent a flight of capital from deposits at commercial banks, according to a report published by the…

If a Recession Fell Over in the Woods, Would it Make a Sound? – Blockchain News, Opinion, TV and Jobs

By Adrian Kenny, Senior Sales Trader at the publicly listed digital asset broker GlobalBlock  The week has continued a very welcomed up trend, at the time of writing, with Bitcoin sitting at a price of $23,911.13. After briefly hitting the 24k mark earlier this week, the digital asset continues to consolidate within this range comfortably for now, at least in the short term. The Crypto, and wider markets in general, have seen somewhat of a relief rally in the last few days. This uptick is off the back of the news the…

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

boss

Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary from country to country — and in the case of the United States, from state to state. On top of that, they also had to contend with Bitcoin’s precipitous drop from $69,000 to $17,600.  Despite BTC price being 65% down from its all-time high, the general consensus among miners is to keep calm and carry on by just stacking sats,…

Chainalysis Report Says $2.2 Million in Crypto Has Been Sent to Pro-Russian Groups in Ukraine – Bitcoin News

boss

According to a report stemming from the blockchain intelligence company Chainalysis, the firm identified 54 pro-Russian groups that have “collectively received over $2.2 million worth of cryptocurrency.” The paramilitary groups in Ukraine primarily received bitcoin and ether donations but also got tether, litecoin and dogecoin as well, the Chainalysis study details. $2.2 Million in Crypto Sent to Pro-Russian Groups Located in Ukraine, Says Chainalysis Chainalysis believes more than $2.2 million worth of crypto assets have been acquired by pro-Russian paramilitary groups located in the Donbas region of Ukraine. More specifically,…

Deposits at non-bank entities, including crypto firms, are not insured — FDIC

boss

The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.” In a Friday notice, the FDIC advised banks in the U.S. that they needed to assess and manage risks in third-party relationships with crypto firms. The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied “against the default, insolvency, or bankruptcy of any non-bank entity, including crypto custodians, exchanges, brokers, wallet…

Bitcoin & Ethereum Crash: Why Is Cryptocurrency Tanking? Darren Rovell Explains Volatile Market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The cryptocurrency market has always known to be extremely volatile but Bitcoin and Ethereum have been dropping uncontrollably over the last few months. Why has there been such a steep drop in price? Action Network’s Darren Rovell breaks it down! #Bitcoin #Ethereum #Cryptocurrency Get our free mobile app: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Exchange cripto CoinFLEX recorta equipo “significativamente” para reducir costos

CryptoX – Cryptocurrency Analysis and News Portal “Monitorearemos costos para asegurarnos operar tan eficientemente como sea posible. La intención es mantener el tamaño adecuado para cualquier entidad que esté considerando una posible adquisición o una oportunidad de asociación con CoinFLEX”, dijeron los cofundadores Sudhu Arumugam y Mark Lamb en la publicación del blog. Original Source The post Exchange cripto CoinFLEX recorta equipo “significativamente” para reducir costos appeared first on CryptoX. CryptoX Portal